US currency continuous its rally against major currencies. But based on technical analysis short correction is relevant, for example against CHF you can find pattern wedge on H4 chart, which also is a signal for short US dollar. This week is complicated, keep your attention on US manufacturing PMI release today.
Higher weekly time frame we identify a bullish flag pattern after an impulse from its third touch confirmation. Zooming into the lower time frame we can see a bearish descending channel approaching its third touch confirmation. Further looking into the 4hr we can see a bullish flag pattern within the descending channel so perhaps we need to be ready for a...
A higher time frame bullish flag pattern in the formation with a false breakout and retracement in the form of a bullish flag pattern. As we zoom in to the lower time frame we identify patterns within patterns as we analyse a bullish flag pattern with a three touch confirmation on its low and bullish rejection for entry of LONG POSITION towards the upside.
I just was analysing the GBPJPY chart and saw a good Gartley pattern for set up. We just broke the support level of the triangle and now we formatted the Gartley.
My plan on this trade you can see in the chart. Our risk/reward 2.5/1
ICEEUR:GWM1!
Potential breakout on this symmetrical triangle on the UK Natural Gas that would make the RIsk Reward extremely interesting, and also as we see from the historical trend there is a known cyclicality of the price trend that would give further support to the entry Long.
Stay Tuned!
NASDAQ:NFLX
We do not short Netflix because we really like the fundamentals of this company, although it is not yet profitable in their financials until it reaches a certain number of subscribers that is approaching as the company goal, and that grows steadily.
The business model has destroyed many competitors (Blockbuster above all) and is an exceptional...
NYSE:DUK
Here's a nice Cup & Handle Pattern that deserves to be considered for our operation.
Breakout at the resistance level, we will follow the trend if it is on our side, otherwise we will be thrown out and wait for more opportunities.
Hi Traders!
As you can see the market seems to make a Head and Shoulders Pattern.
For now it has to go upwards 'til 1.22700.
If it reaches the level, it has to come down 'til 1.22000 again.
Thanks and good luck :)!
In the chart we can see clear up trend and now we are close to the support level and we can wait for the movement up
My plan is
BUY STOP - 1.32771
STOP LOSS - 1.32508
TAKE PROFIT - 1.33254
Hello everyone. I was analysing this chart and I saw a really big opportunity to make some money. It was the big movement down and now it is correction and we can see that it is going to be the last (fifth) wave of the correction also we can see that RSI oversold
And my plan is
TAKE PROFIT - 129.675
BUY STOP - 128.819
STOP LOSS - 128.334
Hi everyone. It is really clear to see flag formation in this chart. Our plan is to wait for the break of the resistance or the support of the flag and than we can set up also we can see RSI divergence!
Our plan is
If it will brake support :
TAKE PROFIT - 1.32631
STOP LOSS - 1.33 177
if it will brake resistance :
TAKE PROFIT - 1.33599
STOP LOSS - 1.32859
Hey everyone. Today I analysed eurusd chart and I saw potential formation of double bottom, also we can see RSI divergence that proves it us
My plan is
BUY LIMIT - 1.11054
TAKE PROFIT - 1.11460
STOP LOSS - 10.875
Hi everyone, I just made an analysis of this and I saw good waves which shows me the potential movement. As you can see we are in consolidation now and it is a triangle. I wrote all instruction. You can read it
SELL LIMIT - 129.014
TAKE PROFIT - 128.636
STOP LOSS - 129.178
